Bond Urban Housing Corp 5.95% ( INE031A08798 ) in INR

Issuer	Urban Housing Corp
Market price	100 % ⇌
Country	India
ISIN code	INE031A08798 ( in INR )
Interest rate	5.95% per year ( payment 1 time a year)
Maturity	11/08/2023 - Bond has expired
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Minimal amount	1 000 000 INR
Total amount	14 700 000 000 INR
Detailed description	The Housing and Urban Development Corporation (HUDCO) is an Indian government-owned financial institution that provides financial assistance for housing and urban infrastructure development projects. The bond identified by ISIN INE031A08798, issued by the Housing & Urban Development Corporation (HUDCO), successfully reached its maturity on August 11, 2023, and has been fully repaid to its holders. Housing & Urban Development Corporation (HUDCO) is a key Indian public sector undertaking, operating under the Ministry of Housing and Urban Affairs, Government of India. Since its establishment in 1970, HUDCO's primary mandate has been to provide long-term finance for housing and urban infrastructure development projects across India, playing a pivotal role in fostering sustainable urban growth and enhancing the living standards of its citizens. This particular bond, denominated in Indian Rupees (INR) and originating from India, carried an annual interest rate of 5.95%. The total size of the issuance was a significant INR 14,700,000,000, with a minimum purchase size set at INR 1,000,000. Upon its maturity, the bond was redeemed at 100% of its face value, marking a successful fulfillment of its obligations to investors.